Bankrupt Anil Ambani Sold Wife's Jewellery To Pay Lawyers, Now Sons Have Build Empire Worth ₹2000 Crore

Anil Ambani's sons enter the business. With Reliance Capital finding success in its operations and Reliance Infra's debt burden lightening, Anil Ambani is preparing a plan with his sons to save the company. Their strategy aims to reduce the company's debt burden while boosting business growth. Elder son Jai Anmol Ambani has independently built a business worth ₹2,000 crore through continuous hard work. His focus now is on reducing debt and increasing investments.

Anil Ambani's sons, Jai Anmol Ambani and Anshul Ambani, are actively involved in revitalizing their father's business through LimeLight. Their goal is to reduce the company's debt burden, increase investments, and expand the business. Since taking charge of the company's operations, the approach to running the company has started to change. Reliance Power, under Anil Ambani's leadership, has set a target to become debt-free by the end of the financial year 2024-25. The company has already begun moving in this direction, recently restructuring significant debts with ICICI, DBS Bank, and Axis Bank.

With a focus on reducing debt and increasing investments in the company, Reliance Power recently sealed a deal worth ₹132 crore with JSW Renewables. The company is set to sell a 45-megawatt wind power project in Maharashtra to JSW Renewables. Thanks to Junior Ambani's strategic steps, investor confidence in Anil Ambani's company has been on the rise.

Strategic Expansion And Debt Reduction Initiatives

To reduce debt, the company is preparing to raise $350 million (₹3,000 crore) through Foreign Currency Convertible Bonds (FCCBs), led by Anil Ambani and his sons. They will utilize this amount not only to reduce debt but also to start new businesses. Reliance Infrastructure has decided to establish four new companies as part of its expansion plans. Anil Ambani's company is focusing on expanding, for which it is creating new enterprises. The objective of these new support companies is to engage in manufacturing deals related to any type of fuel for transportation or vehicle equipment. Anil Ambani and his sons aim to expand the company in those businesses that are experiencing increasing demand, expecting high demand for these products in the coming days.

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Financial Downfall And Legal Struggles

Anil Ambani started making wrong decisions in his dream to become a major player in the telecom, power, infrastructure, and entertainment sectors. Due to higher costs, incorrect planning, and low returns, he began sinking into debt. He had to appear before the London court in a debt case with Chinese banks. He declared bankruptcy there himself. To pay the lawyer's fees for appearing in court, he had to sell his wife's jewelry.

Anil Ambani embarked on a path of making misguided decisions in his aspiration to establish a prominent presence in the telecom, power, infrastructure, and entertainment sectors. Increased costs, flawed planning, and inadequate returns led him into financial distress. He faced a debt case with Chinese banks in a London court and filed for bankruptcy. To cover the legal expenses, he had to sell his wife's jewelry.

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After completing his education, Anil Ambani's elder son, Jay Anmol, began overseeing his father's company. Since joining Reliance Mutual Fund as an intern in 2014, he has gradually steered the company forward. Jay Anmol serves as a board member at Reliance Nippon Asset Management and Reliance Home Finance. Alongside managing the company, he successfully persuaded the Japanese company Nippon to increase its stake in Reliance. Under his supervision, Reliance Life Insurance and Reliance Capital Asset Management were established. Furthermore, he actively participates in expanding smaller businesses and is dedicated to revitalizing the company.

Jay Anmol and Anshul Ambani are actively involved in re-establishing their father's lost business empire. Through their hard work, their sons have independently built a business worth Rs. 2000 crore. Their focus is on reducing debt and expanding the business.

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